Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 33,318 shares of the construction company’s stock after selling 694 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Martin Marietta Materials were worth $17,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its holdings in Martin Marietta Materials by 8.8% in the fourth quarter. V Square Quantitative Management LLC now owns 1,348 shares of the construction company’s stock valued at $696,000 after acquiring an additional 109 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Martin Marietta Materials by 36.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 31,142 shares of the construction company’s stock valued at $16,469,000 after acquiring an additional 8,367 shares during the period. Castle Wealth Management LLC lifted its holdings in Martin Marietta Materials by 5.1% in the fourth quarter. Castle Wealth Management LLC now owns 1,077 shares of the construction company’s stock valued at $556,000 after acquiring an additional 52 shares during the period. Marks Group Wealth Management Inc lifted its holdings in Martin Marietta Materials by 14.9% in the fourth quarter. Marks Group Wealth Management Inc now owns 812 shares of the construction company’s stock valued at $419,000 after acquiring an additional 105 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in Martin Marietta Materials by 15.1% in the fourth quarter. Leavell Investment Management Inc. now owns 4,661 shares of the construction company’s stock valued at $2,407,000 after acquiring an additional 613 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial decreased their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday. Citigroup cut their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. Stephens cut their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $639.43.

Martin Marietta Materials Stock Down 0.8 %

Shares of MLM opened at $527.47 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. Martin Marietta Materials, Inc. has a one year low of $482.72 and a one year high of $633.23. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.62 and a beta of 0.91. The stock has a 50 day moving average price of $534.69 and a 200 day moving average price of $548.93.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.